Air Transport MRO Market By Aircraft Type (Narrow Body, Wide Body, Regional Jet, Turboprop), By Offering (Engine, Component, Airframe, Line), By End-User (Passenger, Cargo) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Expanding Air Travel Fleet with Growing Passenger to Boost Air Transport MRO Market

The aviation industry and businesses at its periphery are experiencing robust growth with the expansion of global population. Affordable air travel and rising disposable income of middle class is pushing the passenger travel at record level. This has influenced the demand for new fleet of aircrafts from airliners which in turn encouraged the growth of air transport MRO market. Moreover, new initiatives such as visa on arrival and open-sky agreement among countries like the U.S. and India, has further influenced the passenger travel among countries of the world. With increasing passenger number, the demand for new planes is also growing which has influenced the growth of air transport MRO market in the year 2018.

In the next decade, over 200 Mn more people are expected to move into middle class category. It will upswing aviation industry and air transport MRO market to show good growth is unquestionable. Additionally, market liberalization, improvement in service quality and competition among players will further influence the market growth. However, lack of skilled technicians and higher maintenance cost is expected to hinder the growth of the market during the forecast period of 2019 to 2027.

Market Snapshot

Air Transport MRO Market

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Emergence of e-commerce to Increase Cargo Share in End-user Segment

Based on end-user, passenger segment captured over 85% of market share in the year 2018. However, with the emergence of e-commerce, the percentage of cargo segment is estimated to increase in the near future. E-commerce giant Amazon has recently announced 15 more cargo planes with capacity of 79 ton each. With this addition, Amazon has a fleet of 65 cargo planes. With e-commerce market growing stupendously in the Asia Pacific, the cargo segment is expected to increase its share in the near future.

Air Transport MRO Market

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Asia Pacific is estimated to register the highest Market Share

Currently, Asia Pacific is trailing behind North America and Europe. However, with growing middle class population, aviation market is expected to grow in coming decade which in turn will influence the air transport MRO market in region. With the economic development of Asia Pacific, in particular China and India, are the major countries where middle class population is exploding. This large population with its growing inclination towards air travel is estimated to drive the market growth during the forecast period. In addition, lower labor rate and rapid development of infrastructure in China and India is expected to further boost the air transport MRO market. Recently, China announced its plan to add 74 new airports, totaling 260 airports nationally by 2020. Also, China’s neighbor and fastest growing economy of the world, India also has plan to add 100 more airports by 2024. With such major developments, the air transport MRO market is estimated to show good growth in Asia Pacific.

Air Transport MRO Market

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New Technological Development is keeping the Market Competitive

Major players profiled in the air transport MRO market include AAR Corp., Air France Industries KLM Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited, Delta TechOps, Lufthansa Technik, Airbus S.A.S., Singapore Technologies Engineering Ltd., Turkish Technic Inc., Sabena Technics and SR Technics among others.

The overall air transport MRO market is fragmented and companies are adopting strategies such as partnering with airlines and use of technology to improve its efficiency and thereby its market share. For instance, in October 2019, Airinmar Ltd., a subsidiary of AAR Corp. has signed a 3 year agreement with JetBlue Airways for providing component value engineering cost oversight servicing for its AirBus and Embraer fleets. With this agreement AAR Corp. has increased its client base and share in the overall air transport MRO market. Also, in October 2019, AirBus S.A.S. has partnered with Delta Air Lines, Inc. for developing predictive maintenance and health monitoring solutions for airlines worldwide by 2020. This can be accessible through AirBus Skywise platform. With predictive intelligence airlines can keep higher number of fleet availability. With this partnership, company is expecting to increase its share in global air transport MRO market.

Air Transport MRO Market

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Air transport MRO market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global air transport MRO market based on aircraft type, offering, end-user and geography. Key segments covered in the report are as follows:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion

 Aircraft Type Segment (2017-2027; US$ Bn)
 • Narrow body
 • Wide body
 • Regional Jet
 • Turboprop

 Offering Segment (2017-2027; US$ Bn)
 • Engine
 • Component
 • Airframe
 • Line

 End-user (2017-2027; US$ Bn))
 • Passenger
 • Cargo

 Geography Segment (2017-2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of APAC)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of air transport MRO market in 2018 and forecast up to 2027?
  • What are the key factors driving the global air transport MRO market?
  • What are the key market trends and high-growth opportunities observed in the air transport MRO market?
  • Which is the largest regional market for air transport MRO market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the air transport MRO market?
  • What are the key strategies adopted by the leading players operating in the market?

Unique data points of this report

  • Information on air transport MRO worldwide.
  • Recent trends across different regions in terms of development of air transport MRO
  • Attractive investment proposition for aircraft type segment as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
  • Market size in terms of revenue for air transport MRO
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Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60027
Report Format:   PDF
Pages:   120
Rating:    4.1 (56)
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